Fujikon Industrial Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 March 2024. For the period, the company expects to record a decrease in profit attributable to the equity holders of the Company by approximately 30%-35% for FY2024. The decline in the financial performance of the Group was mainly due to (i) the decrease in sales orders regarding the Headphones from the Customer; (ii) inventory provision of approximately HKD 29 million being made as a result of certain Headphones-related inventories becoming
obsolescence; and (iii) provision for warranty claims of approximately HKD 17 million being made as a result of the Quality Issue.